Debt (Tables)

9 Months Ended

Sep. 30, 2019

We had outstanding borrowings, letters of credit issued, and availability under our credit facilities as follows (amounts in millions and currency in U.S. dollars, except as noted):



				September 30, 2019
	Facility Amount		Maturity Date	Outstanding Borrowings		Letters of Credit Issued (a)		Availability
Committed facilities:
Valero Revolver	$	4,000	March 2024	$	—	$	34	$	3,966
Canadian Revolver (b)	C$	150	November 2019	C$	—	C$	5	C$	145
Accounts receivable sales facility	$	1,300	July 2020	$	100	n/a		$	1,200
Letter of credit facility (c)	$	100	November 2019	n/a		$	—	$	100
Committed facilities of VIE (d):
IEnova Revolver	$	340	February 2028	$	257	n/a		$	83
Uncommitted facilities:
Letter of credit facilities	n/a		n/a	n/a		$	129	n/a

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(a)	Letters of credit issued as of September 30, 2019 expire at various times in 2019 through 2020.


(b)	The Canadian Revolver was amended in November 2019 to extend the maturity date from November 2019 to November 2020.


(c)	The letter of credit facility was amended in November 2019 to reduce the facility from $100 million to $50 million and to extend the maturity date from November 2019 to November 2020.

(d)

Creditors of our VIE do not have recourse against us.

Interest and debt expense, net of capitalized interest

“Interest and debt expense, net of capitalized interest” is comprised of the following (in millions):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Interest and debt expense	$	133	$	134	$	405	$	417
Less capitalized interest	22		23		70		61
Interest and debt expense, net of capitalized interest	$	111	$	111	$	335	$	356